Wales Business Fund: Case study 3 – Seren Electrical

Jan 4, 2018

Seren Electrical

The Wales Business Fund, part-funded by the European Regional Development Fund through the Welsh Government, supported Managing Director, Richard Wakeman at Seren Electrical to complete a management buyout (MBO) from the existing shareholders. The Caerphilly-based company are an independent wholesaler, providing high quality electrical equipment to trade. The business was founded in 2010, having grown substantially, Seren then moved to larger premises in 2015.

“Seren has experienced steady growth with a real positive and continued service focus,” said Managing Director Richard Wakeman. “Our partnership has worked over the last few years due to offering a personable premium service – regardless of how big the company grows. I’m looking forward to taking Seren forward while maintaining that customer-centric ethos.”

Founding partner, Jason Beament said: “We are pleased to have completed this transaction and continue our partnership with Richard, who has developed the business strategically and structurally to the current position. We will continue to assist Richard in the growth of Seren Electrical Supplies.”

“Richard, Andrew and Jason have worked together to secure the future of what is a growing and successful Welsh business,” added Bethan. “It was also a pleasure to work with Mervyn and Iridium on this deal, both of whom are building a well-deserved reputation as MBO experts and facilitators for small and medium businesses here in Wales.”

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